Late Thursday, the Insolvency and Bankruptcy Board of India (IBBI) sought stakeholder responses to strengthen the 2016 regulations that aim to extract billions of dollars stuck in doubtful advances. Stakeholders can submit comments until December 31. The regulator will process the comments and make changes to the regulations by April 1 2024.

Hence, upside momentum is expected only above the 18,267 level, while the index can witness selling if 18,042 is broken. Stocks such as Siemens, ABB, L&T, Maruti, TVS Motor, Indian Hotels, Apollo Tyre, MRF, Titan, and Havells can be bought for trading purpose, said analysts.

This is the fourth quarter in a row Hero has managed to expand its Ebitda per vehicle on a quarter-on-quarter basis when industry volume growth is still 25% lower than the peak of FY19.

Two Russian institutional entities and an individual, all based in Moscow, appear in the list of registered foreign portfolio investors (FPIs) with the Securities and Exchange Board of India (Sebi), as per information shared by the National Securities Depository Limited.

These investors bought shares worth ₹7,690 crore into India's banking and financial services stocks in April, after being sellers to the tune of ₹15,700 crore in the sector between January and March 2023, according to data compiled by primeinfobase.com. In calendar 2022, FPIs sold banking and financial services shares worth ₹61,177 crore.

According to a release on Friday, Adani Total Gas' FIF would be reduced to 14% from 25%, while for Adani Transmission, it decided to reduce it to 10% against 25% earlier. The MSCI May Index review announcement is scheduled for May 11.

One of the most-watched elections of the year is just a week away in Turkey, and other key votes are scheduled in nearly a dozen countries across the developing world. Pakistan, Thailand, Argentina and Poland are all preparing to hit the polls.

The stock managed to close above the crucial resistance level of Rs 350 last week. The level acted as a still resistance point in October 2022 and then again in November 2022, where stock failed to surpass despite multiple attempts.

"Indian Hotel stock price is forming an upward sloping trend line on monthly frame and base is gradually shifting higher. It surpassed its previous resistance of 350 and is holding well above the same," Shivangi Sarda, Analyst, Derivatives and Technical Research, Motilal Oswal Financial Services Ltd, said.

Paytm's CEO, Vijay Shekhar Sharma, stated in a shareholder letter that the company aims to become free cash flow positive soon after achieving operating profit for two consecutive quarters. Paytm's Q4 FY23 results indicated a significant reduction in losses, with the company's consolidated net loss narrowing to Rs 168 crore. Consolidated revenue increased by 52% YoY to Rs 2,335 crore during the March quarter, with a contribution margin of 52%. Paytm's CEO also believes that the company is well-positioned to benefit from the innovation potential of Artificial General Intelligence (AGI) in the future.

India’s fiscal year F2024 started with a bang, with MSCI India moving up 4% in April when the MSCI World index was flat, and MSCI EM was down 1.5%. We expect continuous relative outperformance for India for the remaining part of the year for three main reasons:

Asian stock pickers are navigating a difficult environment as a slowdown in the US could trigger a recession. Value is being sought in the tech service and consumer discretionary sectors due to regional demand, while South Korea and Taiwan are viewed as more vulnerable to a US downturn. Indian stocks have been bought by global funds this quarter as they cut their exposure to Taiwan. Financials, along with South Korean and Taiwanese equities, are seen as most susceptible to declining following two years of outperformance before a tightening cycle.

Amid a selloff in HDFC twins, Indian equity indices closed in the red on Friday, with BSE Sensex nosediving 695 points or 1.13%, while its NSE counterpart Nifty50 slipped below 18,100. "A fall below 18000 may take Nifty into the consolidation zone of 17500–18000. On the other hand, a rejection from the 18000 level may reintroduce a buying spree, which may take the index back to above 18200. A decisive move above 18200 may take it towards 18500–19000," Rupak De, Senior Technical Analyst at LKP Securities, said.Here are 5 stock recommendations for Monday:

Mankind Pharma's shares are commanding a premium of Rs 100-113 to its issue price of Rs 1,080 in the grey market. Research analysts predict an 8-10% higher opening on the listing day. At Rs 1,080 a share, Mankind Pharma is valued at a price-to-earnings of 30 times its FY22 earnings, valuing the company at Rs 44,000 crore post-IPO. Although Mankind Pharma is the fourth-largest Indian pharmaceutical company in terms of domestic sales, investors are advised to book profits on listing day given the expensive valuations of the stock versus peers.

India is witnessing an increase in the number of wealthy individuals and their corresponding wealth, making the country a beacon of hope for the global economy. Success for wealth management firms depends on navigating the shift in the contours of the wealthy, adapting to the digital interplay, offering more than just performance, and catering to the increased demand for sustainable investing and ESG impact. The industry is seeing the largest transfer of wealth from older to newer generations and an increase in self-made millionaires and billionaires, leading to a change in the playbook on client engagement.

There are some industries in which many players enter with much fanfare but the majority of them don't survive for long. Both airlines and shipping companies fall in this category. Why do they enter? Because imagine a world without airlines and shipping, so size and need is huge. Problem lies elsewhere. The promoters need to conserve cash when going is good and that is where they exactly fail

Every business has its own capital requirement matrix and this is what makes them prone to risks of interest rate cycle and history is littered with examples of companies which have gone down due to debt burden. Of all the stocks, which our algorithms come up with, we took companies from four sectors, Healthcare, AMC, Speciality chemical and FMCG which has just brought a portfolio of products at a price which the street is currently not comfortable with. ET screener powered by Refinitiv’s Stock Report Plus lists down stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy"

Futures contracts are used by speculators to speculate on commodity, currency, and financial asset prices. Futures are leveraged instruments, allowing traders to control more assets with a small amount of capital. Risk management is essential as instances in the past such as the Hunt Brothers' attempt to corner the silver market in the 1980s, highlight the significance of managing risks effectively. Traders close out their position or roll it over to a new contract with a later expiration date. Futures trading provides liquidity, easing hedging for producers and consumers, and reducing volatility caused by sudden changes in supply and demand.

SEBI's regulatory changes aim to bring transparency to the Alternative Investment Fund (AIF) industry and instill confidence in both fund managers and investors. A key change allows investor participation in AIFs via a direct plan, which avoids upfront payment of distributor commission and lowers costs for investors. Mandatory dematerialisation of AIF units aims to ensure transferability and liquidity. The Finance Act 2023 brings tax parity across all debt products, making incremental investment in debt MFs post-April 1, 2023, subject to long-term capital gains tax. With indexation benefits no longer available, high-performing credit AIF strategies offer high-yielding returns to investors.

Foreign portfolio investors (FPIs) invested Rs 10,850 crore ($1.44bn) in Indian equities during May 2-5 due to the country's stable macroeconomic environment, according to data from depositories. FPIs were drawn to India's stable macroeconomic climate, strong GST collection figures and stronger-than-expected corporate results. Investment strategist VK Vijayakumar said the appreciation in the rupee and "good fourth-quarter results will aid in increasing capital flows to India". However, FPIs withdrew Rs 2,460 crore from the country's debt market. FPIs have taken out Rs 3,430 crore from equities and invested Rs 1,808 crore in the debt market so far this year.

Several Indian companies will trade ex-dividend this week, including Oracle Financial Services Software, Ramkrishna Forgings, Coforge, Laurus Labs, Indiamart Intermesh, Kewal Kiran Clothing, 360 One Wam and Aptus Value Housing Finance. Oracle Financial Services Software will pay an interim dividend of INR225 ($3.06) per share. Meanwhile, Laurus Labs will pay an interim dividend of INR1.2/share, and Kewal Kiran Clothing INR2/share.

Stock price and dividend yields have an inverse relationship but before this inverse relationship kicks in there is a level of equilibrium. Now this level of equilibrium is a subjective level which moves according to the level of risk free interest rate which FD provides. But there is another equilibrium level which mathematical equations don't solve. As an investor one buys’ a stock with 4 percent dividend yield stocks what should be his expected return from capital gains or whether he should have it even.

Last week, four out of the top 10 Indian companies lost a total of INR 56,006.15 crore in market valuation due to erosion in the value of their stocks, mainly impacted by HDFC twins, while the remaining six firms, including Reliance Industries and TCS, gained INR 44,540.05 crore in combined market capitalisation. HDFC Bank lost the most out of the top 10 firms with a devaluation of INR 34,547.61 crore. Conversely, Reliance Industries retained its position as the most valuable company in India.

From Tata Steel to HDFC, a host of index heavyweight companies have reported fourth-quarter earnings this week. If you have missed tracking the numbers, here is a quick snapshot

The Indian stock market rallied after the selling pressure experienced in the previous fiscal year (FY23), thanks to a return of domestic investors and favorable factors such as a pause in interest rate hikes and a fall in international crude oil prices. However, concerns about the global crisis and potential contagion from US banks could undermine the rally. The US Fed's policy of pausing interest rate hikes while keeping actual interest rates high for a long period also presents a concern. The Q4 results were below expectations, with IT being the worst performer, while banking and auto performed well.

Berkshire Hathaway, led by Warren Buffett, has posted a Q1 profit of $35.5bn, primarily attributed to gains from stocks such as Apple. The results also revealed a faster repurchase of its own stock, amounting to $4.4bn, and the selling of a net $10.4bn of shares. While it pared its investments in some of its stocks, such as Chevron and JPMorgan Chase, it remains to be a major holding in both. Berkshire's cash hoard grew $2bn to over $130bn in Q1. Quarterly operating profit was up 13%, with GEICO contributing to the results.

Union Bank achieved a 93% rise in net profit for Q4 ended March 2023, attributed to the growth in non-interest income, which countered a smaller rise in interest income. The bank's net profit rose 61% for the fiscal year. According to A Manimekhalai, Union Bank's MD and CEO, there was a 62% increase in non-interest income for the quarter due to the recovery of loans written off. However, treasury profits were adversely affected by interest rate volatility. The bank's gross NPAs decreased from the previous year to 7.35%, while net NPAs were reduced to 1.7%. The bank is looking to achieve growth and increase its retail book's share to 55%.

Bulls have had a good time since last month in Dalal Street due to continued buying by foreign investors and better corporate earnings. However, a series of events, economic data points, and earnings are due next week, resulting in some likely volatility in markets despite the positive trend. The coming week will include a review by the Bank of England and earnings releases by many Indian companies, along with various macro data points and an MSCI index review. Additionally, investors will watch the primary market as Mankind Pharma is expected to debut.

"Apple is different than the other businesses we own. It just happens to be a better business," said Buffett during Berkshire's annual meeting in Omaha, Nebraska.

Berkshire Hathaway, led by Warren Buffett, has posted a Q1 profit of $35.5bn, primarily attributed to gains from stocks such as Apple. The results also revealed a faster repurchase of its own stock, amounting to $4.4bn, and the selling of a net $10.4bn of shares. While it pared its investments in some of its stocks, such as Chevron and JPMorgan Chase, it remains to be a major holding in both. Berkshire's cash hoard grew $2bn to over $130bn in Q1. Quarterly operating profit was up 13%, with GEICO contributing to the results.

One analyst called it the biggest announcement of the day: Berkshire won’t make an offer for full control of Occidental Petroleum Corp., the energy firm it has spent months boosting its wagers on.

Like always, investors world over are looking forward to the meeting as Buffett and his good old friend Charlie Munger, who is the vice chairman of the world’s 6th most valuable company, will answer a plethora of questions from stakeholders.

The investment would value Bengaluru-based BlueStone, also backed by venture capital firm Accel and Indian industrialist Ratan Tata, at close to $500 million, said one of the sources, who declined to be identified as the matter is private. The potential deal could boost BlueStone's plans to expand aggressively in India, the second-largest jewellery consuming nation behind China, as demand surges after the pandemic.

The asset quality of the lender improved in line with the sectoral trend with its gross non-performing assets ratio falling to 2.9% at the end of the year from 6.3% a year back. It wrote-off bad loans to the tune of Rs 188 crore.

Similarly, Options also have expiry (Monthly and weekly), and the Extrinsic value of Options becomes Zero. Just like in the case of cars, the premium keeps dropping exponentially every day.

A further correction in US markets could impact India, and the health of the US financial space presents challenges. However, Indian markets have managed to reverse flows for FIIs recently, providing support for the market. Small-cap banking names are likely to be challenging. Meanwhile, there remains concerns around commercial real estate in the US. HDFC twins fell 6% each last Friday, but financials remain attractive as the economy grows, and the sector is expected to lead the economy higher.

Valuation guru Aswath Damodaran believes there are more dominos waiting to fall in the US banking business, with banks that have grown the most in the last few years at the most risk.

The recent collapse of three major US banks suggests that the financial sector may be facing a deeper crisis than anticipated. Valuation expert Aswath Damodaran believes that more US banks are at risk, particularly those that have grown significantly in recent years. Unlike the 2008 financial crisis, this collapse was triggered by searching for high growth and ignoring basic principles, which resulted in a major asset-liability mismatch. Damodaran predicts that the crisis will accelerate consolidation, but maintaining profitability will be challenging for banks, leading to drops in profits. The crisis also highlights the need for regulatory changes to address issues such as duration mismatches and high concentration of deposits.

Despite India's optimistic macroeconomic outlook and high-frequency indicators suggesting healthy growth, the country's financial markets are not gaining momentum. The US is unlikely to see an increase in foreign direct investment flows anytime soon due to maintained high-interest rates, even if inflation remains a challenge. As a result, the market is expected to continue shifting towards value while growth and overpriced stocks will become less expensive and directionless. Bottom-up stock-specific models may be a viable option for capitalizing on the recurring volatility while creating alpha returns.

MSCI will reduce the foreign inclusion factor (FIF) for Adani Total Gas and Adani Transmission during index review exercise later this month, citing free float at 14% and 10%, respectively. The FIF for ACC, Ambuja Cements, Adani Enterprises, Adani Green Energy, Adani Ports and SEZ, and Adani Power will remain the same. This move was initially set for February 2023 index review but was changed following the Hindenburg Research report accusing the Adani Group of indulging in stock price manipulation through shell companies.

Theoretical economist Paul Ormerod says that failure is the defining characteristic of biological, social, and economic systems.But he doesn’t think that’s a bad thing as expecting failure, and reacting flexibly is essential to success.

As earnings season progresses volatility is back on the street. In such times, stocks from different sectors have seen an improvement in their analyst scores. The selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.

FMCG companies are one of most over researched companies in India and probably this only happens in Indian markets. However, all the focus in the FMCG sector is only on a few select well known names like HUL,Nestle, Britannia and Dabur. But there is more to it, companies in niche areas with a strong brand. ET screener powered by Refinitiv’s Stock Report Plus lists down mid and small cap stocks from the FMCG sector with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".

In March, the group got a lifeline of Rs 15,000 crore from global investment firm GQG Partners, which picked up stakes in 4 Adani Group companies. This further soothed Dalal Street investors and brought in some stability in the stocks.

Retail investors purchased Adani Group stocks worth Rs 11,292 crore in the March quarter, boosting shares in several Adani firms such as Adani Enterprises and Adani Ports and Special Economic Zone, among others. The group had seen its market value drop by $100bn on the back of several allegations made by US-based short seller Hindenburg Research such as stock price manipulation and debt financing. However, investors took the opportunity to accumulate Adani shares from a long-term investment horizon, with PRIME Database revealing that the retail investor's share increased to an all-time high of 7.48% by March 31.

The Stock prices reflect expectations for future financial performance. Thus, as an investor, it becomes very important to anticipate revisions in those expectations. Banking Index has performed well, but it is now the past and thus what lies ahead is the big question.

The benchmark Nifty index ended the week with losses, erasing most of its gains, due to bears returning to the market. A profit-booking scenario around 18,200 led to Friday's fall and took the Nifty back to the previous week's close. However, the short-term trend will remain positive as long as the index stays above 18,000, and a fall below this level may take it into the consolidation zone of 17,500-18,000. The consumer durable sector witnessed a strong breakout, while some banks fell following HDFC Bank and HDFC Ltd merger updates.

A high return on equity is a result of two factors. First, the basic nature of the business, there are some businesses which require a constant dose of capital like banks, there are some which may require a higher amount of capital but that would be a one time requirement. Second, how efficiently the management uses those resources. In times like today when interest rates have seen a sharp rise it is the second factor which becomes extremely important. ET screener powered by Refinitiv’s Stock Report Plus lists down stocks with high upside potential over the next 12 months, having an average recommendation rating of “hold” or “buy” or "strong buy".

A basket of highly-shorted stocks tracked by Goldman Sachs Group Inc. jumped more than 3% on the final day of the week as bears closed positions.